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Due for completion in April 2019, the development was ideally located in a thriving commercial and trade retail precinct on the eastern side of the Hastings CBD.

"This is an outstanding opportunity to acquire and occupy brand-new premises in an area that has undergone significant commercial and retail development in recent years," McLachlan says.

Blair said the 3544sq m site was zoned Commercial (8d) by the Hastings District Council.

"The development for sale comprises five individual unit titles, which can be purchased individually or as a single investment.

"Ideal Electrical is to be located on a standalone freehold property at the corner of the site.

"These premises have already been sold to a locally based investment syndicate."

All units will be commercial service units of 350sq m, 200sq m and 150sq m each, with the option of combining units 1 and 2 to create 550sq m. The units have been allocated seven, four and three on-site car parks respectively.